Today, the USD/CHF pair is trading with a decrease from Chf0.9280 to Chf0.9205 and is testing the MA (200) H1 moving average line (Chf0.9210) on the hourly chart. The situation is similar on the four-hour chart. Technically speaking, the support level of Chf0.9150-70 can keep prices from further decline. The upper bound of Chf0.9290-95 represents the resistance level.
⦁ Resistance levels are: Chf0.9290-95, Chf0.9340, Chf0.9375
⦁ Support levels are: Chf0.9205, Chf0.9150-70, Chf0.9110
The main scenario for the pair's promotion — correction and there may be an increase to Chf0.9290-95 (February 10-11 and 24 highs)
An alternative scenario — breakout of the session minimum of Chf0.9205 and there may be a decline to Chf0.9150-70 (February 21-23 lows)
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